Ethereum is seeing huge exchange outflows amid potential ETF launch
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Notably, this strong accumulation trend comes ahead of the potential spot Ethereum ETF launch in the coming days. On July 17, the United States Securities and Exchange Commission gave the green light to the proposed rule changes to list two spot ETFs., applications from two Ethereum ETF filers, ProShares Ethereum ETF and Grayscale Ethereum Mini Trust, were approved by the SEC. These spot Ethereum ETFs were approved to be listed and traded on the NYSE Arca Inc.
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